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Reporting Requirements Regulatory Reform

Carlton Fields

Implementing Executive Order, FTC Calls on Public and Regulated Community to Identify Anticompetitive Regulations for Potential...

Carlton Fields on

The second Trump administration has issued a slew of deregulatory measures aimed at turbocharging the reduction of regulatory bloat (EO 14192, requiring the repeal of 10 regulations for every new one issued), ensuring...more

Eversheds Sutherland (US) LLP

SEC extends security-based swap reporting requirements safe harbor to 2029

On April 17, 2025, the Securities and Exchange Commission (SEC) extended the expiration date of a no-action statement (Compliance Statement) regarding compliance with reporting rules for security-based swap data repositories...more

Fox Rothschild LLP

Trump and Congress Nullify IRS Reporting Rule for Digital Assets

Fox Rothschild LLP on

The federal rule that would have required crypto platforms to report users’ transactions to the IRS has officially been scrapped. President Trump signed a joint congressional resolution overturning the so-called DeFi...more

Proskauer - Regulatory & Compliance

Final opportunity to shape SFDR’s future in European Commission’s Call for Evidence

On 2 May 2025, the European Commission launched its ‘Call for Evidence’ on the review of the Sustainable Finance Disclosure Regulation (SFDR). The European Commission aims to review the SFDR to simplify the framework,...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Greenhouse Gas Emissions Measurement/Assessing Performance of the National Highway System: Federal Highway Administration Rule...

The Federal Highway Administration (“FHA”) published a final rule that repeals the requirement that state Departments of Transportation (“DOTs”) and Metropolitan Planning Organizations (“MPOs”) undertake certain greenhouse...more

A&O Shearman

FCA announces changes to simplify supervisory communications

A&O Shearman on

The UK Financial Conduct Authority (FCA) has announced it will no longer be issuing and publishing portfolio letters from 30 April. Instead, these will be replaced with a small number of market reports. The market reports...more

DLA Piper

Will UK Cyber Reforms Keep Step with NIS2?

DLA Piper on

Since its announcement during the King’s Speech on 17 July 2024, there has been much anticipation over the contents of the Cyber Security and Resilience Bill (“CS&R Bill“) and in particular the extent to which it will bring...more

McDermott Will & Emery

IRS Roundup April 1 – April 17, 2025

The IRS issued Notice 2025-19, inviting the public to submit recommendations for items to include in the IRS’s 2025-2026 Priority Guidance Plan. The IRS uses the Priority Guidance Plan to identify and prioritize the tax...more

Skadden, Arps, Slate, Meagher & Flom LLP

SEC Moves Quickly To Create a Regulatory Framework for Cryptocurrencies and Reconsider Its Rules and Guidance - The Trump...

Paul Atkins has been confirmed as SEC chair, succeeding Acting Chair Mark Uyeda, who initiated significant regulatory actions....more

McGuireWoods Consulting

Senate Health Education Labor and Pensions Committee Releases Report on 340B Program and Recommendations for Change

When Sen. Bill Cassidy became Chairman of the U.S. Senate Health, Education, Labor and Pensions Committee this year, he stated one of his priorities was reforming the 340B Program. On April 24, 2025, he released a majority...more

GeoDataVision

Potential Improvements for CRA (Part 4c of 4)

GeoDataVision on

In the previous articles of this 4-part series, I identified and explained three types of fatal flaws in the 2023 CRA rule and I presented 5 suggestions to improve the effectiveness of the legacy CRA rule. In this article I...more

DLA Piper

Horizon - ESG Regulatory News and Trends - April 2025

DLA Piper on

Trump Administration actions - Trump orders DOJ to stop states from enforcing unconstitutional or preempted climate laws. In a sweeping Executive Order (EO) issued on April 8, President Donald Trump has ordered Attorney...more

GeoDataVision

Potential Improvements for CRA (Part 4b of 4)

GeoDataVision on

In the first 3 articles in this series (1, 2, 3), we identified fatal flaws in the 2023 CRA rule. In Parts 4a – 4c we propose the regulators consider potential improvements to the rule when they publish the Notice of Proposed...more

Ropes & Gray LLP

Omnibus Simplification of the European Sustainability Reporting Standards Gains Momentum – An In-depth Look at the EFRAG Work Plan...

Ropes & Gray LLP on

On April 25, EFRAG officially submitted to the European Commission its adopted work plan for the simplification of the European Sustainability Reporting Standards (ESRS). The ESRS contain the reporting requirements under the...more

Hogan Lovells

The Cyber Security and Resilience Bill

Hogan Lovells on

On 1 April 2025, the UK Department for Science, Innovation and Technology issued a policy statement setting out its key proposals for the new Cyber Security and Resilience Bill. The Bill is intended to respond to an...more

Epstein Becker & Green

Pushback of Deadline for SNFs to Submit Significantly More Detailed Ownership and Control Information in New “SNF Attachment” to...

Epstein Becker & Green on

With newly confirmed Dr. Mehemet Oz at its helm, the Centers for Medicare & Medicaid Services (CMS) maintained but delayed the deadline for its requirement that Skilled Nursing Facilities (SNFs) to report significantly...more

A&O Shearman

Omnibus I 'stop-the-clock' directive published in Official Journal of the EU

A&O Shearman on

The Directive (EU) 2025/794, amending the EU Corporate Sustainability Reporting Directive (CSRD) and EU Corporate Sustainability Due Diligence Directive (CSDDD), was published in the Official Journal of the EU (OJ),...more

Latham & Watkins LLP

President Trump Issues Executive Order Emphasizing Commercial Procurement in Government Solicitations

Latham & Watkins LLP on

The order requires a review of acquisitions for non-commercial products and services....more

A&O Shearman

FCA publishes consultation on streamlining data collection requirements

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published a consultation paper (CP) proposing the removal of reporting and notification requirements as part of its strategy to prevent unnecessary collection of data to reduce...more

Bergeson & Campbell, P.C.

“Just do it” May Sell Shoes, but Can It Revolutionize Bureaucracy?

There are a variety of accounts on the progress and success of the first days of the Trump Administration. Some put special significance on a new administration’s first 100 days, but is this the first 100 days or four years +...more

Troutman Pepper Locke

Practical Implications of the Interim Final Rule for BOI Reporting Under the CTA

Troutman Pepper Locke on

As we previously discussed, the Financial Crimes Enforcement Network (FinCEN) published an interim final rule (IFR) on March 26 that narrowed the beneficial ownership information (BOI) reporting requirements under the...more

Proskauer - Regulatory & Compliance

CSRD’s ESRS Draft Work Plan Faces Rejection At Latest EFRAG Meeting

On 15 April 2025, the sustainability reporting board (“SRB”) of the European Financial Reporting Advisory Group (“EFRAG”) failed to agree to an internal timeline for delivering advice to the European Commission on the...more

Cooley LLP

Congress Repeals Digital Asset Regulations Applicable to Decentralized Finance Platforms

Cooley LLP on

In a January 27 client alert, we discussed final regulations issued on December 30, 2024, covering tax reporting requirements applicable to certain decentralized finance (DeFi) platforms operating as noncustodial brokers of...more

Tarter Krinsky & Drogin LLP

Changes to The Corporate Transparency Act Bring Major Shift to U.S. Reporting Requirements

Domestic Entities No Longer Required to Disclose Beneficial Ownership Information - The U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) issued an interim final rule on March 21, 2025 (effective...more

Woods Rogers

President Increases Scrutiny on Non-Commercial Purchases

Woods Rogers on

On April 16, 2025, President Trump issued another in a series of Executive Orders (EO) aimed at improving government procurement, this one entitled “Ensuring Commercial, Cost-Effective Solutions in Federal Contracts.”...more

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